v3.25.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Total revenues $ 1,215,047 $ 1,085,260
Operating expenses    
Lease operating expenses 233,074 159,206
Gathering, processing and transportation expenses 73,314 53,984
Production taxes 74,642 63,911
Depreciation, depletion and amortization 349,809 168,894
General and administrative expenses 38,377 25,712
Total operating expenses 882,567 813,623
Gain on sale of assets, net 5,516 1,302
Operating income 337,996 272,939
Other income (expense)    
Net loss on derivative instruments (20,281) (27,577)
Net gain (loss) from investment in unconsolidated affiliate (4,900) 16,296
Interest expense, net of capitalized interest (15,818) (7,592)
Loss on debt extinguishment (3,494) 0
Other income (expense) (501) 2,826
Total other expense, net (44,994) (16,047)
Income before income taxes 293,002 256,892
Income tax expense (73,165) (57,539)
Net income $ 219,837 $ 199,353
Earnings per share:    
Basic (in dollars per share) $ 3.67 $ 4.79
Diluted (in dollars per share) $ 3.66 $ 4.65
Weighted average shares outstanding:    
Basic (in shares) 59,502 41,468
Diluted (in shares) 59,665 42,747
Oil, NGL and gas revenues    
Revenues    
Total revenues $ 1,103,425 $ 748,162
Operating expenses    
Exploration and impairment 1,983 6,154
Purchased oil and gas sales    
Revenues    
Total revenues 111,622 337,098
Operating expenses    
Purchased oil and gas expenses $ 111,368 $ 335,762